Trinity Capital (NASDAQ:TRIN) PT Lowered to $16.00 at B. Riley

Trinity Capital (NASDAQ:TRIN) had its price objective reduced by equities researchers at B. Riley from $16.50 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 10.42% from the company’s current price.

Separately, UBS Group upped their price objective on Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

Trinity Capital Trading Down 1.5 %

Shares of TRIN stock traded down $0.22 on Thursday, reaching $14.49. The company had a trading volume of 341,109 shares, compared to its average volume of 511,555. The company has a 50-day moving average of $14.66 and a 200-day moving average of $14.50. The stock has a market cap of $712.18 million, a PE ratio of 7.56 and a beta of 0.60. Trinity Capital has a 12 month low of $11.32 and a 12 month high of $15.44. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.08.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). The company had revenue of $50.45 million during the quarter, compared to the consensus estimate of $50.09 million. Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. During the same period in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Trinity Capital will post 2.21 earnings per share for the current year.

Insider Transactions at Trinity Capital

In related news, CEO Kyle Steven Brown bought 3,354 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $14.91 per share, with a total value of $50,008.14. Following the completion of the transaction, the chief executive officer now directly owns 821,477 shares in the company, valued at $12,248,222.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.75% of the company’s stock.

Institutional Investors Weigh In On Trinity Capital

Hedge funds have recently modified their holdings of the stock. Legacy Capital Wealth Partners LLC bought a new stake in shares of Trinity Capital in the 4th quarter worth approximately $1,487,000. Quadrature Capital Ltd bought a new stake in shares of Trinity Capital in the 3rd quarter worth approximately $1,241,000. Barclays PLC bought a new stake in shares of Trinity Capital in the 3rd quarter worth approximately $1,174,000. Cornerstone Wealth Management LLC bought a new stake in shares of Trinity Capital in the 4th quarter worth approximately $172,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Trinity Capital in the 4th quarter worth approximately $154,000. Institutional investors own 24.62% of the company’s stock.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.